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Finance -not seen this before ??

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Checkcheck2016
Checkcheck2016 Posts: 4 Newbie
Hi
I'm a newbie so apologies if I get anything wrong, ok here's my question, two years ago I took out a finance deal to get a car, I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement' but how can I check if this was done in the first place and how do I go about cancelling the deal ?
I hope this makes sense I've tried to keep this simple, just one more point to make the deal was done through a car dealership group, so not a little 'back street garage'
I hope someone can help, thank you

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    There's no right to pull out of a finance agreement because you agreed to pay more than you think the car is worth.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    I suspect that the price of the car I was buying was 'inflated' to enable me to get the finance and cover my negative equity, because what I'm paying is way over the odds for my car and I simply can't afford it now due to a change of circumstances, I've been told that if this has happened I can 'pull out of the agreement'
    The contract you signed was your agreement to pay a set amount for your car. You cannot "pull out" of this simply because you suddenly think the price you agreed was too expensive.

    Take issue with whoever gave you this "information" and quickly seek debt help if you are struggling to pay.
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